Summit Hotel Properties (INN) Revenue & Revenue Breakdown
Summit Hotel Properties Revenue Highlights
Latest Revenue (Y)
$736.13M
Latest Revenue (Q)
$193.90M
Main Segment (Y)
Occupancy
Summit Hotel Properties Revenue by Period
Summit Hotel Properties Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $736.13M | 8.94% |
| 2022-12-31 | $675.70M | 86.69% |
| 2021-12-31 | $361.93M | 54.36% |
| 2020-12-31 | $234.46M | -57.32% |
| 2019-12-31 | $549.35M | -3.16% |
| 2018-12-31 | $567.27M | 10.07% |
| 2017-12-31 | $515.38M | 8.74% |
| 2016-12-31 | $473.94M | 2.26% |
| 2015-12-31 | $463.45M | 14.87% |
| 2014-12-31 | $403.47M | 34.96% |
| 2013-12-31 | $298.96M | 17.02% |
| 2012-12-31 | $255.47M | 90.25% |
| 2011-12-31 | $134.28M | -1.00% |
| 2010-12-31 | $135.64M | 11.91% |
| 2009-12-31 | $121.20M | -10.29% |
| 2008-12-31 | $135.11M | - |
Summit Hotel Properties generated $736.13M in revenue during NA 2023, up 8.94% compared to the previous quarter, and up 129.77% compared to the same period a year ago.
Summit Hotel Properties Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $193.90M | 3.06% |
| 2024-03-31 | $188.14M | 6.03% |
| 2023-12-31 | $177.44M | -2.41% |
| 2023-09-30 | $181.82M | -6.52% |
| 2023-06-30 | $194.49M | 6.64% |
| 2023-03-31 | $182.38M | 5.84% |
| 2022-12-31 | $172.33M | -3.32% |
| 2022-09-30 | $178.25M | -2.73% |
| 2022-06-30 | $183.25M | 29.17% |
| 2022-03-31 | $141.87M | 32.76% |
| 2021-12-31 | $106.86M | -3.45% |
| 2021-09-30 | $110.69M | 27.93% |
| 2021-06-30 | $86.52M | 49.56% |
| 2021-03-31 | $57.85M | 19.95% |
| 2020-12-31 | $48.23M | -7.98% |
| 2020-09-30 | $52.41M | 106.05% |
| 2020-06-30 | $25.44M | -76.53% |
| 2020-03-31 | $108.39M | -18.98% |
| 2019-12-31 | $133.78M | 0.07% |
| 2019-09-30 | $133.69M | -6.47% |
| 2019-06-30 | $142.93M | 2.86% |
| 2019-03-31 | $138.95M | 4.86% |
| 2018-12-31 | $132.51M | -6.91% |
| 2018-09-30 | $142.34M | -6.49% |
| 2018-06-30 | $152.22M | 8.58% |
| 2018-03-31 | $140.20M | 6.42% |
| 2017-12-31 | $131.75M | -3.54% |
| 2017-09-30 | $136.59M | 5.84% |
| 2017-06-30 | $129.06M | 9.38% |
| 2017-03-31 | $117.99M | 6.95% |
| 2016-12-31 | $110.32M | -6.77% |
| 2016-09-30 | $118.34M | -6.96% |
| 2016-06-30 | $127.19M | 7.72% |
| 2016-03-31 | $118.08M | 7.31% |
| 2015-12-31 | $110.04M | -12.03% |
| 2015-09-30 | $125.09M | 3.66% |
| 2015-06-30 | $120.68M | 12.10% |
| 2015-03-31 | $107.65M | 8.58% |
| 2014-12-31 | $99.14M | -9.26% |
| 2014-09-30 | $109.26M | 3.54% |
| 2014-06-30 | $105.53M | 17.85% |
| 2014-03-31 | $89.54M | 14.86% |
| 2013-12-31 | $77.96M | -5.13% |
| 2013-09-30 | $82.17M | -1.11% |
| 2013-06-30 | $83.10M | 31.46% |
| 2013-03-31 | $63.21M | 23.66% |
| 2012-12-31 | $51.12M | -0.23% |
| 2012-09-30 | $51.23M | 8.36% |
| 2012-06-30 | $47.28M | 18.18% |
| 2012-03-31 | $40.01M | 100.44% |
| 2011-12-31 | $19.96M | -52.85% |
| 2011-09-30 | $42.33M | 9.69% |
| 2011-06-30 | $38.59M | 15.51% |
| 2011-03-31 | $33.41M | 8.39% |
| 2010-12-31 | $30.82M | -18.03% |
| 2010-09-30 | $37.60M | 4.88% |
| 2010-06-30 | $35.85M | 14.31% |
| 2010-03-31 | $31.36M | 10.45% |
| 2009-12-31 | $28.40M | -11.84% |
| 2009-09-30 | $32.21M | 2.93% |
| 2009-06-30 | $31.29M | 6.79% |
| 2009-03-31 | $29.30M | - |
Summit Hotel Properties generated $193.90M in revenue during Q2 2024, up 3.06% compared to the previous quarter, and up 106.32% compared to the same period a year ago.
Summit Hotel Properties Revenue Breakdown
Summit Hotel Properties Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 22 | Dec 21 | Dec 20 | Dec 19 | Dec 18 |
|---|---|---|---|---|---|
| Food and Beverage | $32.12M | $7.30M | $6.44M | $23.79M | $24.77M |
| Occupancy | $609.37M | $334.34M | $215.51M | $505.34M | $523.44M |
| Hotel, Other | $34.21M | $20.29M | $12.51M | $20.22M | $19.06M |
Summit Hotel Properties's latest annual revenue breakdown by segment (product or service), as of Dec 22: Occupancy (90.18%), Hotel, Other (5.06%), and Food and Beverage (4.75%).
Quarterly Revenue by Product
| Product/Service | Jun 24 | Mar 24 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Sep 21 | Jun 21 | Mar 21 | Sep 20 | Jun 20 | Mar 20 | Sep 19 | Jun 19 | Mar 19 | Sep 18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Hotel, Other | $10.81M | $9.88M | $8.66M | $8.77M | $9.27M | $8.78M | $7.40M | $6.07M | $4.97M | $3.61M | $3.15M | $1.36M | $4.90M | $5.03M | $4.99M | $4.69M | $5.09M |
| Occupancy | $173.03M | $167.43M | $163.09M | $153.62M | $160.13M | $166.80M | $128.81M | $102.52M | $80.00M | $53.24M | $48.64M | $23.83M | $98.60M | $123.11M | $131.66M | $128.10M | $131.43M |
| Food and Beverage | $10.07M | $10.83M | $10.63M | $9.94M | $8.85M | $7.66M | $5.66M | $2.10M | $1.56M | $1.00M | $628.00K | $248.00K | $4.88M | $5.54M | $6.28M | $6.16M | - |
| Food And Beverage | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $5.82M |
Summit Hotel Properties's latest quarterly revenue breakdown by segment (product or service), as of Jun 24: Occupancy (89.23%), Hotel, Other (5.57%), and Food and Beverage (5.19%).
Summit Hotel Properties Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| RHP | Ryman Hospitality Properties | $2.16B | $613.29M |
| PEB | Pebblebrook Hotel Trust | $1.42B | $397.11M |
| RLJ | RLJ Lodging Trust | $1.33B | $369.30M |
| DRH | DiamondRock Hospitality | $1.07B | $309.28M |
| SHO | Sunstone Hotel Investors | $986.48M | $217.17M |
| INN | Summit Hotel Properties | $736.13M | $193.90M |
| HT | Hersha Hospitality Trust | $405.87M | $91.98M |
| CLDT | Chatham Lodging Trust | $311.11M | $86.48M |
INN Revenue FAQ
What is Summit Hotel Properties’s yearly revenue?
Summit Hotel Properties's yearly revenue for 2023 was $736.13M, representing an increase of 8.94% compared to 2022. The company's yearly revenue for 2022 was $675.7M, representing an increase of 86.69% compared to 2021. INN's yearly revenue for 2021 was $361.93M, representing an increase of 54.36% compared to 2020.
What is Summit Hotel Properties’s quarterly revenue?
Summit Hotel Properties's quarterly revenue for Q2 2024 was $193.9M, a 3.06% increase from the previous quarter (Q1 2024), and a -0.30% decrease year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $188.14M, a 6.03% increase from the previous quarter (Q4 2023), and a 3.16% increase year-over-year (Q1 2023). INN's quarterly revenue for Q4 2023 was $177.44M, a -2.41% decrease from the previous quarter (Q3 2023), and a 2.96% increase year-over-year (Q4 2022).
What is Summit Hotel Properties’s revenue growth rate?
Summit Hotel Properties's revenue growth rate for the last 3 years (2021-2023) was 103.39%, and for the last 5 years (2019-2023) was 34.00%.
What are Summit Hotel Properties’s revenue streams?
Summit Hotel Properties's revenue streams in c 22 are Food and Beverage, Occupancy, and Hotel, Other. Food and Beverage generated $32.12M in revenue, accounting 4.75% of the company's total revenue, up 340.02% year-over-year. Occupancy generated $609.37M in revenue, accounting 90.18% of the company's total revenue, up 82.26% year-over-year. Hotel, Other generated $34.21M in revenue, accounting 5.06% of the company's total revenue, up 68.60% year-over-year.
What is Summit Hotel Properties’s main source of revenue?
For the fiscal year ending Dec 22, the largest source of revenue of Summit Hotel Properties was Occupancy. This segment made a revenue of $609.37M, representing 90.18% of the company's total revenue.